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A comment on Altman Sought Billions for AI Chip Venture Before OpenAI Ouster. Parent comment

Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by tsunamifury on Sunday November 19, 2023 @02:59PM (#38337168)
This is patently wrong. All of it. You made up a concept and then ran with it like it’s reality. “Potential” is not an issue. “Actual” is. This isn’t a judge. This is a CEO and they can self deal as long as it stays as a value to the core company. It’s up to the board to decide that when it’s proven.

A bunch of nerds just thought they could jump the gun here because they are inexperienced doofus’s when it comes to corp.

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Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by ghaff on Sunday November 19, 2023 @03:31PM (#38337519)
Lots of e.g. news organizations absolutely have tons of guardrails in place around conflicts of interest that may or may not really influence behavior but may even have the appearance of potentially doing so.
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Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by edgyquant on Sunday November 19, 2023 @03:10PM (#38337298)
No, conflict of interest is entirely about potential.
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Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by Nevermark on Sunday November 19, 2023 @04:18PM (#38338167)
A CEO self-dealing can be civilly (and in gross cases, criminally) convicted of violating their fiduciary duty to act in the company's interest, over their own, and violating company trade secrets.

(If Altman doesn't want to be restricted by fiduciary duties then he shouldn't be on a board or be an executive.)

How could Altman possibly not use private OpenAI information regarding its hardware needs, when creating an AI hardware company he wants to serve OpenAI? And its competitors?

He could invest in a new AI hardware company created and run by other people (without his specific input) without a conflict. That does not appear to be the case here. He could create an OpenAI hardware subsidiary. Again not what he was doing.

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Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by tsunamifury on Sunday November 19, 2023 @05:13PM (#38338895)
“Can”. Everyone here is talking in absolutes. There is a shit ton of room in “can”.
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Re:Altman Sought Billions for AI Chip Venture Before OpenAI ... by Nevermark on Sunday November 19, 2023 @07:00PM (#38340083)
I am not sure what you are saying. Agreeing with me or not? "Can" as "a shit ton of room" vs. some undescribed "absolutes"?

Self-dealing CEO's and board members can, and are, convicted criminally and civilly of violating their fiduciary duties. And "can" and are fired with cause.

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